Indian Ecommerce firms after raising funds from the sovereign wealth funds such as GIC, hedge funds such as Steadview Capital and corporate honchos like Ratan Tata and Azim Premji, are ready to receive plethora of avenues for raising funds.

MAPE Advisory Group is an investment bank which is all set to invest in a yet to be launched online pharma chain Net-Meds Marketplace Private Ltd. MAPE Advisory Group which advises on private equity funds and M&A deals along with founder Pradeep Dadha are ready to fund in $5 Mn (INR 30 Cr.) in the firm, with a commitment of increasing it to $10 Mn (INR 60 Cr.), according to the people who are familiar with the matter.

Netmeds will be launched later this month which will sell prescription and over the counter (OTC) drugs, supplying over 15,000 stock keeping units (SKUs) across India from its warehouse in Chennai.

M Ramprasad, chairman of MAPE Advisory confirmed about the funding and said, “We have adequately capitalised the company for next one year. We have also been approached by few other investors.”

The Healthcare industry is projected at a market value of $280 Bn by 2020, which will be dominated by the diagnostic segment. From April-September 2014 the healthcare and diagnostic center attracted FDI of around $2.5 Mn.

Author

For Vishal Singh, football is oxygen, traveling is living, night is day, online gaming is serious sport and superheroes are real. Yes, real. And like the call sign of any superhero, one can always find him enrapt to his laptop screen. His passion lies in writing pieces that would get the brain engines of readers churning and aspires to one day be known by his opus.